KASE Amended Regulations of Trades & Conformation System Operation
OREANDA-NEWS. On January 06, 2009 By the decision of Kazakhstan Stock Exchange (KASE) Board were approved changes and additions # 19 (amendments) to KASE internal document "Regulations of Trades and the Conformation System Operation" (Regulations), effective from January 12, 2009, reported the press-centre of KASE.
The main content of mentioned amendments is the shift of start of the evening trading session on foreign currencies from 14.00 to 11.30 ALT, i.e. from December 12, 2009 the day and evening trading sessions on foreign currencies will start at the same time (at 11.30 ALT), but will be closed in different time: the day trading session - "in the daytime" (at 15.30 ALT), and the evening trading session - "in the evening" (at 17.00 ALT).
We remind that in compliance with articles 8 and 9 of Regulations the evening trading session on foreign currencies is for trading instruments USD_TOM, USD_SPT and EUR_TOM.
The mentioned amendments are aimed at the trading service improvement provided by KASE to participants of trades in foreign currencies, linked to special parameters of trades execution in terms of the currency swap transactions.
Other amendments were made to bring the Regulations text into line with the above mentioned innovation or have the editorial character.
Regulations revised text is published on KASE website at http://www.kase.kz/files/normative_base/reglament_trade.pdf